Ethereum Classic

Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time. Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that occured in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). 

Its native token is ETC. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time. 

Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

Ethereum Classic has a capped supply of 210.7 million ETC. 

Ethereum Classic has a history of being susceptible to 51% attacks. This is when a group of malicious miners who control a majority of the network’s mining hashrate alter transaction history in an effort to execute double spends. 

Bitcoin

Dogecoin

Bitcoin (CRYPTO: BTC) briefly popped up above the $20,000 mark on Friday when the S&P 500 spiked higher, before running into a group of sellers who pushed the crypto back under the level. Dogecoin (CRYPTO: DOGE) followed suit, temporarily rising up above Thursday's 24-hour trading session high, while Ethereum Classic (CRYPTO: ETC), the weaker of the three cryptos, was unable to move notably higher.

A Look At Bitcoin, Ethereum Classic And Dogecoin Heading Into The Weekend

The day of The Merge, Ethereum Classic's hashrate soared to new highs tapping 306 terahash per second (TH/s) ten days ago on September 15. Since then, however, Ethereum Classic's computational power has dropped 46.16% lower from the high to today's 164.75 TH/s. Furthermore, ethereum classic's market valuation has dropped by two positions and lost 26.

Ethereum Classic Hashrate Slides 46% Since The Merge, PoW ETH Forks Gather Double-Digit Gains

Both ETC and Ravencoin saw their prices fall double digits.

Ethereum Classic Plummets 23% Over the Post-Merge Week

Uniswap

Ethereum classic fell to a two-month low to start the week, as prices in the cryptocurrency market continue to decline. Uniswap also slipped to a multi-month low on Monday, as the token hit its weakest level since July. As of writing, the global crypto market cap is down 5.

Biggest Movers: ETC, UNI Slip to 2-Month Lows on Monday

Bitcoin Cash

Litecoin

At the time of writing, only one coin in the top ten crypto assets by market capitalization is a proof-of-work (PoW) token and out of the top 20, there are only three tokens that leverage a PoW consensus mechanism.

The PoW Dominance Purge — Only 6 Crypto Assets out of the Top 50 Market Caps Use Proof-of-Work

Quick Take The hashrates of multiple proof-of-work networks such as Ethereum Classic surged to record levels on the day of The Merge. Ether borrow rates have returned to normal levels as speculators unwound their positions. Total ether supply increased due to low network activities despite a 90% reduction in issuance.

On-chain Trends 24 Hours After The Merge

Ethereum (CRYPTO: ETH) miners that have migrated to the Ethereum Classic (CRYPTO: ETC) chain are making a small fraction of the daily revenue they used to make on ETH pre-Merge, according to blockchain analytics firm CoinMetrics. What Happened: On Sept.

Ethereum (ETH) Miners Won't Find Much Revenue On Ethereum Classic (ETC): CoinMetrics

Ethereum has officially transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) system after seven years of operating as a PoW blockchain.

ETC, RVN, ERGO Hashrate Soars Following The Merge, Large Quantity of Hashpower Awaits ETHW Fork

After the merge, Ethereum miners brought their mining rigs to alternative blockchains like Ethereum Classic, Ravencoin, and Ergo.

Ethereum Classic, Ravencoin, and Ergo Hash Rate Soar Post-Merge

Ethereum

Futures tracking the two tokens racked up nearly $80 million in liquidations since the Merge took place earlier this morning.

Ether, Ethereum Classic See Volatile Trading Amid Successful Ethereum Merge

Since The Merge, a lot of hash rate has flown to Ethereum Classic — as miners are no longer able to mine Ethereum. The post Ethereum Classic's hash rate soars 280% in a single day appeared first on The Block.

Ethereum Classic's hash rate soars 280% in a single day

Ethereum Classic (CRYPTO: ETC) was showing strength in comparison to many other cryptos Wednesday, surging up about 7% at one point, compared to Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were trading near flat. Ethereum Classic may be showing strength ahead of Ethereum's Merge, which takes Ethereum from proof-of-work to proof-of-stake, with one of the aims of lowering its environmental impact.

Ethereum Classic Soars As Ethereum Approaches Merge: What's Happening?

As Ethereum moves to a proof-of-stake blockchain, mining activity on the ETH alternative Ethereum Classic has reached an all-time high.

Ethereum Classic Hash Rate Soars as Merge Nears and Miners Roam

Ethereum classic rebounded on Wednesday, following three consecutive days of declines. The token dropped below $40.00 earlier this week, and continues to trade below this level ahead of tomorrow's merge event. On the other hand, Solana remained lower, with prices falling by over 8% today.

Biggest Movers: ETC Trading Below $40.00 Ahead of Thursday's Merge Event

Ethereum Classic's hash rate has surpassed 64 terahashes per second (TH/s), having grown more than 40% in September ahead of The Merge. The post Ethereum Classic hash rate shot up by 200% over last 30 days appeared first on The Block.

Ethereum Classic hash rate shot up by 200% over last 30 days

Ethereum Classic (CRYPTO: ETC) is trading lower by 8.03% to $35.27 Tuesday morning after August CPI data showed worse-than-expected inflation. This has driven a risk-off sentiment and has also raised the potential for further Fed policy tightening to curb inflation.

Why Ethereum Classic Is Getting Obliterated Today

Cardano

Avalanche

With The Merge coming next week and Cardano's Vasil hard fork commencing soon after, the market capitalization of the top smart contract tokens by valuation increased 1.19% during the past 24 hours to $316 billion on September 11, 2022. Moreover, the market capitalization of the top smart contract crypto assets today has increased 44.

In 2 Months the Top Smart Contract Tokens Gained 44% Against the Greenback Ahead of Ethereum's Merge

Digital asset-backed securities provider the Etc Group has said it will list an exchange-traded product (ETP) based on an anticipated hard fork of the Ethereum blockchain on September 15. Current holders of Etc Group's ethereum ETP (ZETH) will be issued with “units of the new security free of charge on a 1:1 unit basis.

ETC Group Says It Will List an Exchange-Traded Product Based on Anticipated ETH Hard Fork

20 days ago, a poll was shared on Twitter asking miners where they planned to dedicate their hashrate, after The Merge transitions Ethereum into a proof-of-stake (PoS) blockchain. The proof-of-work (PoW) contenders at the time were tokens like ravencoin, ergo, flux, and ethereum classic.

4 Crypto Tokens Reap Hashpower From The Merge, ETC Secures Most of the Hashrate Leaving ETH

Shiba Inu

Binance Coin (CRYPTO: BNB) was rebounding almost 3% during Wednesday's 24-hour trading session, more in tandem with the S&P 500 than Bitcoin (CRYPTO: BTC). Ethereum Classic (CRYPTO: ETC) and Shiba Inu (CRYPTO: SHIB) were also enjoying a strong recovery, with the former spiking up over 5% and the latter trading over 2% higher.

Binance Coin, Ethereum Classic, Shiba Inu Stage Strong Rebounds: What's Happening?

Various merge-related cryptocurrencies have plummeted in the past 24 hours as investors prepare for Ethereum's biggest upgrade yet.

Ethereum, Ethereum Classic, Lido Finance Plummet on Eve of Merge

Ethereum classic was a notable mover in today's session, as the token rose by nearly 30% on Tuesday. The surge comes as it was confirmed that the Ethereum merge event will take place next week, between September 13-15. Another big mover was avalanche, which rose by over 8% earlier today.

Biggest Movers: ETC up Nearly 30% on Tuesday, as Merge Timeline Is Set

Futures tracking the tokens logged some $27 million in liquidations in the past 24 hours – second only to Ethereum and ahead of bitcoin futures, which usually see the highest liquidations.

Ethereum Classic Hashrate, Prices Surge as Miners Prepare for Post-Merge Reality

Ethereum Classic (CRYPTO: ETC) soared over 26% to $40.65 over 24 hours leading up to early Tuesday morning. Ethereum Classic (ETC) Price Performance Time-frame % Change (+/-) 24-hour 26.2% 24-hour against Bitcoin (CRYPTO: BTC) 23.8% 24-hour against Ethereum (CRYPTO: ETH) 23.4% 7-day 19.9% 30-day 8.8% YTD-performance 14.8% See Also: How To Get Free Crypto The ETC Factors ETC was among the top two gainers on price tracking websites, CoinMarketCap and CoinGecko.The cryptocurrency was also seen trending on both these websites Ethereum Classic, the inheritor of Ethereum's original blockchain post a contentious 2016 hard fork, was seen trending among retail investors on Stocktwits at the time of writing.

Ethereum Classic (ETC) Shoots Up 26% To Emerge As Day's Top Gainer Ahead Of Bitcoin, Ethereum, Dogecoin: Here's Why

Ethereum Classic's hashrate surpassed the 40 terahash per second (TH/s) region last Wednesday and four days later, the network's hashpower reached an all-time high (ATH) at 48.82 TH/s on September 4.

News for Ethereum Classic Crypto (ETC)